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conference in Shanghai, on Monday. He remarked:The PBOC has been studying DCEP for five or six years, and is likely to be the first central bank in the world to launch a digital currencyWhile Chinese authorities have indicated that its digital currency would be similar to Libra, some experts have reservations about the DCEP system. Zhang Anyuan, chief economist from China Securities, was quoted by The South China Morning Post as saying: “DCEP anchoring purely on [the yuan] won’t be able to compete with Libra, despite it may draw the participation of internet giants like Alibaba and Tencent.” He elaborated that, based on the details revealed so far, “its internationalization will not succeed without a monetary theory breakthrough or a money creation innovation,” the publication conveyed.Further, China’s official state-run press agency Xinhua News Agency reported late on Saturday that a cryptography law has been passed and will take effect on Jan. 1, 2020. This law is aimed at “facilitating the development of the cryptography business and ensuring the security of cyberspace and information,” the publication explained, citing parliament.Xi Jinping Elevates Blockchain in ChinaChinese President Xi Jinping, while still silencing protesters in Hong Kong, managed to gain immense popularity within the crypto community last week when he said that China should expedite the development of blockchain technology as the core for innovation.He emphasized that the integrated application of blockchain technology plays an important role in new technological innovation and industrial transformation, Xinhua reported and quoted Xi as saying:We must take blockchain as an important breakthrough for independent innovation of core technologies, clarify the main directions, increase investment, focus on a number of key technologies, and accelerate the development of blockchain and industrial innovation.“Chinese president seldom elaborates on a particular tech,” commented Twitter handle Cnledger. “Previously, only [the] internet and artificial intelligence were specifically elaborated on and collectively studied in the Central Political Bureau. This means blockchain is at least raised to the same level as A.I. in China.” Following Xi’s statements, blockchain-related stocks spiked. Xunlei, a company selling cloud downloading services claiming to be heavily invested in blockchain, for example, doubled its market cap overnight.What do you think of the CCID’s rankings, President Xi’s speech, and the PBOC preparing to launch a central bank digital currency? Let us know in the comments section below.Images courtesy of Shutterstock and the CCID.Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The local.Bitcoin.commarketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.SHARE THIS STORY:   TAGS IN THIS STORYBitcoin, Blockchain, BTC, CBDC, CCID, Central Bank, China, chinese, crypto, crypto assets, Cryptocurrencies, Cryptocurrency, Digital Currency, Government, index, PBOC, President, Rankings, Virtual Currency, Xi JinpingRELATEDAfter Breaking New Records Bakkt Announces Crypto Consumer AppNEWS | Jamie RedmanStealth Miners on the BCH Network Attract ScrutinyNEWS | Jamie RedmanKevin HelmsA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.NIRP and The Real Estate Bubble Low Interest Rates Are Crushing Young People and Fueling Global RiotsThere are currently riots going on in Chile, Hong Kong and Lebanon. While in every place they are caused by complex local issues, there is a global problem that is an underlying trend: low interest rates push housing prices to become unattainable, which make it impossible for young people to

save for their future living expenses. And people with no future take to the streets. Cryptocurrency offers an alternative in the form of taking away governments’ power to inflate away people’s money… read more. Latest Podcasts Humans of Bitcoin: Lessons from the Largest PR Firm in Crypto - David Wachsman Humans of Bitcoin: From CoinDesk to CoinSpice - Peter Ryan Humans of Bitcoin: Andreas Brekken on Coding, Bitcoin and Liberty (Sideshift.ai)Press releasesPlayDApp Will Unlock the True Potential of GamingOct 24, 2019Bitcoin.com Launches HashRace Promotion to Maximize Miners’ ProfitsOct 22, 2019Bitcoin.com Acquires Blockchain Software Startup O3 LabsOct 21, 2019Submit a Press Release Weekly Video Update Bitmain Aims To Build A 300MW Texas Mining Farm, Indians Can Buy Crypto Through New Banking Solution and more news…Latest CommentsMICHAEL DANIELSWe are a Republic. You are right that central banks are difficult to run with a mob at the helm.Why Central Banks Are Not Designed for DemocraciesJACK WINMANYou buy a little bit at a time when going down and take profit when it spikes. Always stay in the...Mistakes Crypto Owners and Traders Should AvoidGARY CARTERI hope Blackmoon will be one the best crypto projects in the world, I really love themIMF Has Another Trick Up Its Sleeve When Fiat Fails - Its Own Coin SDRMARC BOWERSCrypto is a “currency” that will fall flat on it’s face 95% of the versions of it. The...IMF Has Another Trick Up Its Sleeve When Fiat Fails - Its Own Coin SDRALEX ALEXOVBesides the quantum computer there are also quantum annealers, from D-wave for example. Usign the...How Hard Is It to Brute Force a Bitcoin Private Key?LUCKY LUISpeaking of lies this article this FULL of them by either by commission, omission or through...The Big Lie Perpetuated by Central BanksMost PopularState Bank of India Chief Says Crypto Regulation Is a MustREGULATION | 4 days agoMarket Update: Crypto Prices Spike Significantly In a Matter of MinutesNEWS | 4 days agoLow Interest Rates Are Crushing Young People and Fueling Global RiotsECONOMICS | 2 days agoBank Crisis Spreads in India - Deaths, Strike, Supreme Court DenialFEATURED | 6 days agoGermany's Financial Crisis Invokes 5-Year Rent FreezeFEATURED | 5 days agoMistakes Crypto Owners and Traders Should AvoidFEATURED | 3 days agoOlder PostsProducts & ServicesSpend BitcoinGet BitcoinBitcoin DataFollowCompany

Hydra
Or ap bhi

🙏🙏🙏🙏https://news.bitcoin.com/china-ranks-35-crypto-projects-as-president-xi-pushes-blockchain/

Hydra
Phb ka name hai

Check kar ye https://news.bitcoin.com/china-ranks-35-crypto-projects-as-president-xi-pushes-blockchain/

Kya usdt bhi scame hi.. Most of the people who hold usdt than Btc in crypto world

Hydra
Kabhi suna nahi bhai🤣🤣

Suna to nahi hai. But crypto main kuch bhi ho sakta hai 😊

Any process or news about india legalising crypto?

here you go bitcoin dumpers :-Tom Lee: Risk-off is over, the Bitcoin (BTC) Bull Market is onA lot of ‘signal’ past few days in crypto and #bitcoin- China (friendly policy)- New ATH S&P 500 (positive)- Bitcoin Misery Index bottomed 10/24 at 36 and rebounding (positive)- Massive price gain on $BTC friday (signal)Interim ‘risk-off’ ended, and bull market resumes.

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If you’re in Bengaluru this Saturday, join us for our Blockchain Saturday event. One of the best opportunities to meet and network with other Blockchain and Crypto thought leaders and enthusiasts. And we got unlimited food and beer too!! https://www.meetup.com/inblox-Open-Bengaluru/events/265877392

Vinu 143 crypto lover 😘
Margin me gaya tha kal😂

Hehe. Itna late pump horha kal ke news ke karan 😂 Crypto main kuch bhi possible hai. 😂😂😂

Gajender (Binance Angel) 🇮🇳
Yes. And we all should educate same thing to everyone. Specially new users ko

new user to pehle kesi scam bande se faste hai fir scam site per fasta hai fir sikhte hai yeh hai crypto sikhne ka tarika abhi tak tojese bachpan main cycle sikhte hai gir gir ker

Harman Chahal
pubg, women, purn sab band kro and concentrate on trading like me ...

Crypto Maya hai or baki sabka moh haiOr moh k liye Maya chahiye To btao ab kya kare

125x se thoda bachker nahi to crypto se out hone main time na lagega

Har cheez Ka chance barabr hai Crypto m

Liquidation utni hi kmm ho jaati hai na ? @Darkcrypto20

You can learn anything related to Binance or Crypto currency or Blockchain on Binance Academy

https://trustwallet.com/blog/7-essential-steps-to-keep-your-crypto-wallet-secure

Lagta hai @CryptoTzp hum dono ko pagal karega 😂😂😂

@CryptoMMJ bhai 42 buying 😂😂😂😂

Congratulations to the 🥳 winners of #CryptoDiwali Moments. Thank you everyone for taking part in the contest. Ashok KumarAjay BhaiHarman SinghJayant NaglePuneet Handahttps://www.facebook.com/BinanceIndia/posts/536902496887215

Vinu 143 crypto lover 😘 @Shubhambatish2710 @Mickey0077 @F2888

Congratulations to the 🥳 winners of #CryptoDiwali Moments. Thank you everyone for taking part in the contest. Ashok KumarAjay BhaiHarman SinghJayant NaglePuneet Handahttps://www.facebook.com/BinanceIndia/posts/536902496887215

https://twitter.com/TheCryptoBubble/status/1145529022538928129?s=09

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Ye crypto ka band bajane ko